Watch List 01/29/2014

Dead cat bounce day in the Market after severe sell off. Some major chart damages were done in last few days. It will take some time to heal the charts again. We also have overhead 50 DMA resistance now in S&p-500. Great day for our featured bounce candidates if you were following them closely. SCTY …

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How Does Day Trading Compare To Investing and Gambling?

Day trading is a profession with an image problem. Hollywood blockbusters and cultural myths are happy to tell the story of drug-fueled gamblers swindling kind-hearted souls out of their money. But the reality is, in truth, much more banal than the movies would have you believe. As it turns out, day trading is not a …

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1/28 hot stocks

Market is extended to the downside and quickly approaching oversold levels. At this point in the game, its time to start expecting a bounce, even if its a short term bounce. In order for the bulls to reclaim power, I think we need to get back above the 50dma on the $spy. Thanks to a …

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